Congress Must Approve Central Bank Digital Currency (CBDC) Issuance
This bill prevents the Federal Reserve and the Treasury Secretary from issuing a Central Bank Digital Currency (CBDC) unless Congress explicitly authorizes it. This ensures the government cannot create a new, official digital dollar without a clear mandate from elected representatives. The legislation maintains that Congress holds the constitutional authority over coining and regulating the value of money.
Key points
The Federal Reserve is prohibited from issuing a digital dollar (CBDC) without prior Congressional approval.
The Treasury Secretary is barred from directing the Federal Reserve to create a CBDC without legislative authorization.
This measure protects the legislative branch's control over the nation's monetary system structure.
Status:
Expired
Record your position for audit.
Why does your vote on bills matter?
It creates raw, undeniable proof. Civic Will provides the permanent data to verify the Government's loyalty towards its citizens
(explained here).
Start recording it now.